Externalities Require Government Intervention When

question 20

Multiple Choice

Externalities require government intervention when

• A)violence will result between disputing parties.
• B)there are only a few sellers in the market.
• C)property rights are not clearly established.
• D)the government imposes sales taxes.
• E)all of the above.

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Definitions:

France

A country in Western Europe known for its culture, history, and landmarks like the Eiffel Tower and the Louvre Museum.

United States

A country located in North America, known for its diverse culture, strong economy, and as a leader in international politics and innovation.

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

Triarchic Theory

A model of intelligence proposed by Robert Sternberg, consisting of analytical, creative, and practical components.